Macquarie Bank Limited Declares AUD 2.04360000 Distribution on MBLPC Capital Notes for December 2026 Quarter

Anjali Anand

06 November 2026 11:23 AM AEDT

Macquarie Bank Limited Declares AUD 2.04360000 Distribution on MBLPC Capital Notes for December 2026 Quarter

Image Source: Krish Capital Pty Ltd

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Macquarie Bank Limited (ASX:MBL) has notified the market of a quarterly distribution of AUD 2.04360000 per security on its CAP NOTE 3-BBSW+4.70% PERP NON-CUM RED T-12-26 securities (ASX:MBLPC), with a payment date of 21 December 2026, according to a filing lodged on 6 November 2026.

Key Points

Distribution amount of AUD 2.04360000 per MBLPC security for the quarter ending 20 December 2026
Ex date is 3 December 2026, record date is 4 December 2026, and payment date is 21 December 2026
Total distribution rate for the period is 8.1968% per annum, based on a reference rate of 4.7263% and a fixed margin of 4.7000%
The distribution is 35% franked at the applicable corporate tax rate of 30%, with a franked amount of AUD 0.71526000 per security
The distribution period covers 91 days from 21 September 2026 to 20 December 2026

MBLPC Distribution Timetable and Payment Details

According to the filing, the distribution on the MBLPC Capital Notes relates to a period of one quarter, covering the financial payment period ending 20 December 2026. The ex date has been set at 3 December 2026, with the record date falling on 4 December 2026. The payment date is scheduled for 21 December 2026. The distribution amount of AUD 2.04360000 per security is stated as actual, not estimated. The filing confirms no security holder approval, court approval, or other external regulatory approvals are required prior to business day zero of the timetable.

Distribution Rate Calculation for the December 2026 Quarter

The filing sets out the components used to determine the total distribution rate for the period. The reference rate, being the 90-day BBSW mid rate on the first day of the distribution period, is 4.7263% per annum. The fixed margin is 4.7000% per annum, producing a combined gross rate of 9.4263% per annum. After applying a franking adjustment factor of 86.9565%, based on a tax rate of 30.0000% and a franking rate of 35.0000%, the resulting total distribution rate for the period is 8.1968% per annum. The distribution per security is calculated as the distribution rate multiplied by 91 days multiplied by 100, divided by 365.

Franking and Conduit Foreign Income Breakdown

The filing discloses that the ordinary distribution is partially franked at 35.0000%, with the applicable corporate tax rate of 30.0000%. The franked amount per security is AUD 0.71526000, representing 35% of the total distribution. The unfranked amount per security, excluding conduit foreign income, is disclosed as AUD 0.00000000. The conduit foreign income amount per security is AUD 1.32834000. The filing states the entity does not have a securities plan for distributions on this security and does not have tax component information apart from franking.

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